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Regulators: Belize FSC
FXChoice is operated by FX Choice Limited, a company incorporated under the laws of Belize and authorized by the International Financial Services Commission of Belize (IFSC) with Reg. No. IFSC/60191/TS/19. For more details, you can check our full FXChoice review.
However, there is something about Belize need to be mentioned. As an offshore zone with a zero tax structure, Belize is a well-known Forex hub where a great many brokers come to seek an opportunity to be a legit firm, yet to skip complicated and costly established procedures. That means the brokers overseen by IFSC is not under as strong regulation as FCA, ASIC and NFA regulated brokers.
Our final verdict is that FXChoice is a legit broker, but carries a certain risk owing to its weak regulation from Belize.
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